Working Capital

Zimon, Grzegorz

doi:10.3390/encyclopedia1030058

Cited by 14 publications

(4 citation statements)

References 27 publications

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“…WCM is an essential strategy that focuses on maintaining a sufficient balance between a firm's existing assets and liabilities and significantly affects firms' operational and financial security [11,20,21]. Additionally, effective WCM helps firms cover their financial obligations and boost their performance [16,[22][23][24][25][26][27][28].…”

Section: Literature Reviewmentioning

confidence: 99%

Evaluating the Super-Efficiency of Working Capital Management Using Data Envelopment Analysis: Does COVID-19 Matter?

Habib¹,

Kayani

2023

Oper. Res. Forum

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This study evaluates the working capital management (WCM) super-efficiency in UAE firms and determines how the COVID-19 crisis may affect WCM super-efficiency from a statistical perspective. Data envelopment analysis (DEA), difference tests, and Tobit regression techniques are used. Integration of DEA with Tobit regression is required to recognize the potential statistical consequence of COVID-19 on the super-efficiency of WCM. The results show that WCM super-efficiency is moderate and requires decision-makers' corrective measures to attain best practices. The study results show no significant difference in WCM super-efficiency, and COVID-19 does not significantly influence WCM super-efficiency. The results would rouse decision-makers' interests, who would look into the firm's efficiency and weak spots. They would then take major steps to improve efficiency and achieve the best practices. Stakeholders such as managers, financiers, and investors may need these results to monitor how firms manage their assets and liabilities. We contribute to the literature by investigating and evaluating firms' WCM super-efficiency pre and post the COVID-19 pandemic employing a unique technique based on DEA super-efficiency and examining whether COVID-19 has affected WCM super-efficiency to extend the scope of knowledge and stressing the importance of sound WCM, especially in periods of economic distress.

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Section: Literature Reviewmentioning

confidence: 99%

Evaluating the Super-Efficiency of Working Capital Management Using Data Envelopment Analysis: Does COVID-19 Matter?

Habib¹,

Kayani

2023

Oper. Res. Forum

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“…The difference between the value of current assets, short-term liabilities, and other short-term accruals (Zimon, 2021).…”

Section: Net Working Capital (Nwc)mentioning

confidence: 99%

Investment strategy on indonesia islamic stocks using Greenblatt Magic Formula

Setiawan,

Fitri,

Muthohharoh

et al. 2023

Intenational. J. financial account. management

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Purpose: This study analyzes the portfolio form based on the Magic Formula investment strategy introduced by Greenblatt (2006). Research methodology: The portfolio formed is evaluated using the Sharpe, Treynor, and Jensen indices. Results: The results show that the Magic Formula investment portfolio provides higher returns than the reference index from June 2018 to May 2021, specifically -1.45% compared to -3.26%. The performance evaluation value of the Magic Formula investment portfolio was better than that of the reference index. Limitations: Although the Magic Formula portfolio performs well during the study period, investment portfolios can also be built and evaluated using other portfolio formulas. Contribution: This evidence shows that the Greenblatt Magic Formula investment strategy performs well because it can provide a greater return with less risk.

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“…Struktur modal berkaitan dengan sumber pendanaan perusahaan baik sumber internal maupun eksternal dimana sumber internal diperoleh melalui laba ditahan dan sumber eksternal berasal dari investor atau kreditur (Saifi et al, 2020). Sriram (1978) menyatakan bahwa sturktur modal merupakan proporsi penggunaan hutang. Modigliani & Miller (1958) menjelaskan bahwa aktifitas keuangan dengan menggunakan hutang mempengaruhi nilai perusahaan, walaupun didalamnya akan terjadi kenaikan pajak dari pembayaran bunga hutang.…”

Section: Hubungan Struktur Modal Dan Nilai Perusahaanunclassified

Indeks Maqashid Syariah Dan Nilai Perusahaan Bank Umum Syariah

Hidayat

Usman

2021

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Islamic banks require a different performance measurement than a conventional bank to keep their sustainability. The main disadvantage of employing conventional benchmarks to measure Islamic bank performance is that they fail to investigate shariah facets. This study aims to discover how maqashid shariah index using IMSPM (Integrated Maqashid al-Shariah based Performance Measure) approach and firm value using EVA (Economic Value Added) approach and examine its impact with capital structure on the corporate values of Islamic bank. This study using a quantitative method with the purposive sampling technique. This study involved 11 Islamic bank’s annual reports listed in the Bank Indonesia and OJK from 2015 to 2019 period. The analysis method is multiple linear regression using Eviews 10 program. This study finds that the sample performed highest on the objective of nafs (self) over five-year period. The companies with a constant NOPAT and IC have a better EVA. Maqashid Syariah Index positively influence firm value while the capital structure has no effect.

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Working Capital

Cited by 14 publications

References 27 publications

Evaluating the Super-Efficiency of Working Capital Management Using Data Envelopment Analysis: Does COVID-19 Matter?

Evaluating the Super-Efficiency of Working Capital Management Using Data Envelopment Analysis: Does COVID-19 Matter?

Investment strategy on indonesia islamic stocks using Greenblatt Magic Formula

Indeks Maqashid Syariah Dan Nilai Perusahaan Bank Umum Syariah

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